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Dec 1, 2012
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Dec 1, 2012
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. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks that the election was ofrlte then you dialed back in this week and discovered, no, we have apparently just entered a new phase in a political year that never ended. two big stories this week -- the impending fiscal cliff and the washington debates over who will succeed hillary clinton as secretary of state. first to the fiscal cliff. at the end of the year the buescher ra tax cuts will expire and the first wave of $1.2 trillion in spending cuts is scheduled to kick in. c.e.o.'s and economists alike are worried this will send the economy spiraling back into recession. th
. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks...
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Dec 1, 2012
12/12
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it's only going to make it harder for our economy to grow and if our economy doesn't grow, americans don't get new jobs and the debt problem that we have will continue to threaten our children's future. as i said the day after the election, republicans are not seeking to impose our will on the president. we're seeking a biparty an solution that can pass both chambers of congress and be signed into law by the president in the coming days. during the campaign, the president pledged to the american people that he would seek a balanced approach to addressing the debt, a combination of new revenues and spending cuts. so the day after the election, i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reform. now, the white house took three weeks to respond with any kind of a proposal and much to my disappointment, it wasn't a serious one. still, i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code t
it's only going to make it harder for our economy to grow and if our economy doesn't grow, americans don't get new jobs and the debt problem that we have will continue to threaten our children's future. as i said the day after the election, republicans are not seeking to impose our will on the president. we're seeking a biparty an solution that can pass both chambers of congress and be signed into law by the president in the coming days. during the campaign, the president pledged to the...
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Dec 1, 2012
12/12
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that would take us over the cliff, putting millions of middle class families and our already weakened economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> there is no way to avoid the elephant in the room. the gop knows it. so what do they need to do to change? what issues do they need to focus on? we'll talk about that next with amy holmes and maria cardona. >>> but first, brain teaser for all you political junkies. when was the first presidential election republican party won without a nixon or bush on the ticket? give it some thought. we'll have the answer for you on the other side. ter's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15, seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to
that would take us over the cliff, putting millions of middle class families and our already weakened economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> there is no way to avoid the elephant in the room. the gop knows it. so what do they need to do to change? what issues do they need to focus on? we'll talk about that next with amy holmes and maria cardona. >>>...
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Dec 1, 2012
12/12
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the concentration is very specifically on the economy. they believe, the new president enrique nieto believes a strong economy, the creation of new well paid jobs will reduce the violence since younger people will have more opportunities in the country. so that's the focus, where the focus is. >> telemundo's julio viquiero, thank you. >>> this 47% have a different view about a different topic, this year's election. and -- >> controlled facility to bring these crazy bastards that want to kill us all to the united states. >> what drove this south carolina senator to call one group of people a name like that? all the answers coming up. you're watching msnbc. ♪ does that make me crazy ♪ does that make me crazy lega? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. wit
the concentration is very specifically on the economy. they believe, the new president enrique nieto believes a strong economy, the creation of new well paid jobs will reduce the violence since younger people will have more opportunities in the country. so that's the focus, where the focus is. >> telemundo's julio viquiero, thank you. >>> this 47% have a different view about a different topic, this year's election. and -- >> controlled facility to bring these crazy bastards...
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Dec 1, 2012
12/12
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access to credit for people needing to refinance, has been crucially important to ensuring that the economy has started to heal and that he housing market has begun to heal, and without fha, a clearly we would be in a much more difficult situation in terms of the housing recovery than we are today. one slide i do want to show, and i don't know if it shows in color there very well -- is on this point of our market share and what we did and when we did it. and the reason this is important is, fha really had very low market share prior to the crisis. what happened during the crisis was a lot of-what should would call, reckless lending, subprime lending, fha didn't go there. the reason we had low market share is many people being sucked into the subprime mortgages during that period of time, and fha was still requiring 30-year, fully documented, fully amortizing loans, and so when people could go somewhere else, they did. what happened -- and it's probably hard to see for some of you but starting in 2007, 2008, if you look at the whether you -- blue bars, those are refinancing. what happened is
access to credit for people needing to refinance, has been crucially important to ensuring that the economy has started to heal and that he housing market has begun to heal, and without fha, a clearly we would be in a much more difficult situation in terms of the housing recovery than we are today. one slide i do want to show, and i don't know if it shows in color there very well -- is on this point of our market share and what we did and when we did it. and the reason this is important is, fha...